Tds on car hire charges

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 March 2012 A Private limited company take car on hire basis from individual or Travel agencies for self use and given to another company as per contract. Is it necessary to deduct TDS on car hire charges from the time of payment to contractor?

Guest

Guest (Expert)

26 March 2012 Yes it is necessary to deduct tax on car hire charges if it exceeds the limit.

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